Rebates

In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activities subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation for more information about PACE financing and

In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activities subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation.org for more information about PACE financing and

The Maryland Energy Administration (MEA) offers financial incentives for local governments to join its Maryland Smart Energy Communities (MSEC) initiative. The goal of the MSCE program is to have local governments adopt and implement policies that promote energy efficiency and renewable energy in their jurisdictions. 

Eligibility

Any incorporated towns, cities, and counties in Maryland can apply to join the MSEC program. Communities that apply for the program and meet the requirements receive funding based on population size and funding availability. 

Program Description

The funding for the program will be divided between new and existing participants to the MSEC program. New

Corn Belt Power Cooperative is a generation and transmission electric cooperative that provides power to nine distribution rural electric cooperatives and one municipal electric cooperative. These utilities provide power to farms, rural residences, small towns and commercial/industrial customers in 41 northern Iowa counties.

The member cooperatives of Corn Belt Power Cooperative have established energy efficiency rebate programs to encourage greater efficiency in members' homes, farms, and businesses. Interested parties are encouraged to visit the website of their local electric utility to learn about the specific rebates available and program requirements.

The member cooperatives participating in the program are:

1. Iowa

The VirginiaSAVES Green Community Program provides low cost financing to private commercial and industrial, non-profits, and local governments to fund a wide range of energy efficiency and renewable energy projects in the State. The program works with third-party funding sources to provide financing for projects. Qualified Energy Conservation Bonds (QECB) are issued on a conduit basis by the Virginia Small Business Finance Authority for private borrowers and the Virginia Resource Authority for public borrowers. The program is administered by CleanSource Capital, LLC under the guidance of Virginia Department of Mines, Minerals, and Energy (DMME).

Interested applicants must submit a summary worksheet

Cape Light Compact (CLC) offers a variety of financial incentives to customers for purchasing energy efficient residential equipment. Residential customers can take advantage of incentives on weatherization measures, solar water heaters, central AC systems, heat pumps, oil and propane heating equipment, refrigerators, freezers, and other home appliances. Installation of a central AC systems and heat pumps must be performed by a pre-approved contractor, who will provide the rebate form. Instant rebates for certain appliances are also available at participating retailers.

CLC also offers home energy assessments, which include free energy efficient light bulbs, free air sealing, and 75-100% of the

National Grid offers 0% financing to its customers to install energy efficient heating equipment in Rhode Island homes. Only residential customers of National Grid (electric or gas) with 1-4 unit property are eligible for the program. Financing is not offered to tenants. 

Interested participants must first schedule for home energy audit through the EnergyWise Home Energy Assessment Program by calling 888-633-7947. The energy audit will provide a list of energy efficiency measures including other rebates offered by National Grid. Customers must contact qualified contractors and submit a proposal to the Program Administrator for review and approval. After approved, the customer

Note:  In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation for more information about PACE financing

Note:  In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation for more information about PACE financing

Under Maryland law, an SREC represents the generation attributes of 1 megawatt-hour (MWh) of electricity generation (or equivalent) from a qualifying solar facility. Electricity suppliers must purchase and retire solar renewable energy credits (SRECs) in order to meet their compliance obligations under the law, or pay a Solar Alternative Compliance Payment (SACP) for any shortfalls in SREC purchases. The SACP operates as a theoretical ceiling on the price that a supplier would pay for SRECs to fulfill obligations under the Maryland RPS.* In Maryland the SACP is set at $400 per MWh for 2009 - 2014, but will decline in